Updated Oct 28, 2024
Abacus Capital Group Acquires Multifamily Property In Bee Cave With Buyer's Rep Patton Jones & Andrew Dickson
3544 North FM 620, Bee Cave, TX, USA
Units
316
Asset Type
MultiFamily
Closing
Oct 11, 2021
About this deal
AI
Abacus Capital Group has acquired a multifamily property in Bee Cave, located at 3544 S FM 620 Rd. The transaction, which took place on October 11, 2021, involved the sale of the property by Internacional. The asset consists of 316 units and is situated in the Bee Cave market.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: Not specified
- Units: 316
- Address: 3544 S FM 620 Rd
- Market: Bee Cave
The buyer, Abacus Capital Group, successfully acquired the property from the seller, Internacional. The transaction was facilitated by brokers Patton Jones & Andrew Dickson from Newmark.
Players
Austin MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93